Studies of supply and demand in higher education

書誌事項

Studies of supply and demand in higher education

edited by Charles T. Clotfelter and Michael Rothschild

(A National Bureau of Economic Research project report)

University of Chicago Press, 1993

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注記

Papers presented at a conference held in May 1991 in Williamsburg, Virginia

Includes bibliographical references and indexes

内容説明・目次

内容説明

In the United States today, there are some 3,400 separately governed colleges and universities, amounting to a higher education industry with expenditures that constitute 2.8% of the gross national product. Yet, the economic issues affecting this industry have been paid relatively little attention. In this collection of eight essays, experts in economics and education bring economic analysis to bear on such underexamined topics as the nature of competition in higher education, higher education's use of resources, and who chooses to purchase what kind of education and why. In higher education, supply refers to such issues as government support for public colleges and universities, the means by which graduate programs allocate financial support to students, and the criteria that universities use for investing endowments. Demand pertains to patterns of student enrollment and to the government, business, and individual market for the service and research activities of higher education. Why are tuitions nearly the same among schools despite differences in prestige? How are institutions with small endowments able to compete successfully with institutions that have huge endowments? How are race and ethnicity reflected in enrollment trends? Where do the best students go? What choices among colleges do young people from low-income backgrounds face? This volume addresses these questions and suggests subjects for further study of the economics of higher education.

目次

Introduction by Charles T. Clotfelter and Michael Rothschild 1: The University in the Marketplace: Some Insights and Some Puzzles Michael Rothschild and Lawrence J. White. Comment: Martin Feldstein 2: Adolescent Econometricians: How Do Youth Infer the Returns to Schooling? Charles F. Manski Comment: Eric A Hanushek 3: Trends in College Entry among Whites, Blacks, and Hispanics Robert M. Hauser Comment: Steven V. Cameron and James J. Heckman. 4: The Growing Concentration of Top Students at Elite Schools Philip J. Cook and Robert H. Frank. Comment: Malcolm Getz 5: Future Graduate Study and Academic Careers Jerry R. Green Comment: Charlotte Kuh 6: How Would Universities Respond to Increased Federal Support for Graduate Students? Ronald G. Ehrenberg, Daniel I. Rees, and Dominic J. Brewer. Comment: George Constantinides 7: Optimal Investment Strategies for University Endowment Funds Robert C. Merton Comment: George Constantinides 8 Public Choices in Public Higher Education John M. Quigley and Daniel L. Rubinfeld. Comment: Helen F. Ladd

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